New Benefits definition

New Benefits. The benefit plan in effect on April 1 , 1980 shall be modified for claims incurred on and after that date as follows: 1. Amend the Major Medical Plan provisions to provide that an $18 unit value conversion factor (reduced by Basic RVS conversion factor) applied to the 1964 RVS shall be the maximum usual, reasonable and customary payment allowed for expenses incurred for medicine, surgery, assistant surgeon, anesthetist and x-ray and laboratory charges. The RVS unit value shall be $20 effective March 1, 1981, and $22 effective March 1, 1982. 2. Amend the eligibility rules to provide that all benefits shall terminate under the Plan at the end of the month in which the employee leaves the industry. 3. Amend the medical plan to provide that no benefits shall be payable unless medically necessary, unless specifically provided for by the Plan. 4. If after one (1) year's experience by the Bay Health Trusts mandatory second surgical opinion program, there is a meaningful savings to the Trust attribut- . . able to such program, the Valley Clerks Trustees shall, as soon as possible, implement a similar mandatory second opinion program. 5. Eliminate COB on employees, however, maintain the present dual coverage provision. 6. Increase dismemberment to $15,000.00. 7. Provide that employees who have 9 to 36 months eligibility can go 3 months without making self-payments and still retain their eligibility status. 8. Provide eligibility through disability extensions up to a maximum of 3 months if employee becomes disabled while eligible as result of self-payments. 9. Charges made by persons or institutions as provided for in paragraphs and hereof, which charges result from reconstructive surgery following the surgical removal of all or part of a breast for medically necessary reasons. 10. It is understood that dental care as defined in Paragraph 7 of Section 15 • o f the Plan Document includes dental procedures and services which are necessary for the proper diagnosis and treatment of temporomandibular joint disease. TJD treatment plans will require prior authorization and the amount payable will be 80% of covered charges, up to a maximum of $2,000 of covered charges. Covered charges will be usual, customary and reasonable charges as determined by the dental consultants of the Fund, * taking into consideration the complexities of each such treatment plan as filed for consideration. 11. Surviving spouse health and welfare coverage ceases when the surviving spouse remarries ...
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New Benefits means any new benefit, exemption or right (including those that replace (in whole or in part) exemptions, benefits or rights that are specifically set out in this Agreement) associated with the Installation or the Metered Output which are introduced or first become available after the Effective Date;
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New Benefits means any benefits which were introduced in the nine months preceding the date on which the invitation to tender is issued;
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Examples of New Benefits in a sentence

  • As a result, New Benefits (to the extent vested) will be distributed in January following the Participant’s Separation from Service after rehire, in the form selected under the original distribution election or deemed election.

  • This is because the Participant has not yet experienced a Separation from Service attributable to the New Benefits.

  • As a result, New Benefits (to the extent vested) will be distributed either (i) in January following the Participant’s Separation from Service after rehire, or (ii) in January following both the Participant’s Separation from Service after rehire and after attainment of the specified age, in accordance with the original distribution election or deemed election.

  • The Participant’s New Benefits will remain subject to the Participant’s earlier distribution election or deemed election as to the timing and form of payment under Section 6.1(A) (subject to the change rules in Section 6.1(C)), without regard to any Separation from Service that occurred prior to rehire, as described in Section 6.3(A) above.

  • Waiver of Severance Benefits and Payments in Exchange for New Benefits and Payments.

  • This is because the Participant already has attained the specified age under Section 6.1(A) but has not yet experienced a Separation from Service attributable to the New Benefits.

  • New Benefits for 2021• NO waiting period under Standard Option• Increased orthodontic lifetime maximum In-Network to$2,500 under Standard Option• Increased orthodontic lifetime maximum Out-of-Network to $1,250 under Standard Option IDENTIFICATION CARDS‌ Each employee will receive one set of two BCBS FEP Dental ID cards.

  • Assuming the contribution rates are adjusted in the future, the UAO is projected to be fully paid off, except for a small portion of the UAO attributable to New Benefits and Post-2014 service (the Unallocated UAO) that is not actuarially funded.

  • The Savings Card provides discount benefits at Legal Club of America® for Legal Services, AutoVantage®for Consumer Benefit Services, Access Development ® for Hotel & Dining Discounts, and Nation Safe Drivers ® for Roadside Assistance.154 The Pioneer form states that New Benefits, Inc.

  • Notwithstanding the foregoing, should Virgin and Bank be unable to reach agreement on the New Benefits within ***** following Virgin’s notice to Bank of its intent to eliminate *****, then the New Benefits will default to a *****, unless otherwise mutually agreed in writing by the parties.


More Definitions of New Benefits

New Benefits means [to be negotiated];
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New Benefits has the meaning set forth in Section 5.3(f).
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New Benefits means the benefits set out in Sections 6A and 6B.
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Related to New Benefits

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Employment benefits means all benefits provided or made

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 herein.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Medical Benefits means the monthly fair market value of benefits provided to the Employee and the Employee’s dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Company, at the level of coverage in effect for such persons immediately prior to the Employee’s termination of employment date. The “monthly fair market value” of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense.

  • Additional Benefits means quantifiable and verifiable enhancement of conservation of biodiversity and/or improvement of local livelihoods realized as a result of implementation of the REDD activities;

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive’s employment for reasonable and necessary expenses incurred by the Executive on behalf of the Employer for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, but subject to any deferral election then in effect, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained at the target level (reduced, but not below zero, by amounts paid under all such contingent bonus or incentive compensation awards upon the Change in Control of the Company to the extent such amounts relate to the same period of time); and (v) all other payments and benefits to which the Executive (or in the event of the Executive’s death, the Executive’s surviving spouse or other beneficiary) may be entitled on the Termination Date as compensatory fringe benefits or under the terms of any benefit plan of the Employer, excluding severance payments under any Employer severance policy, practice or agreement in effect on the Termination Date. Payment of Accrued Benefits shall be made promptly in accordance with the Company’s prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits; provided that payments pursuant to clause (iv)(B) shall be paid on the first day of the seventh month following the month in which the Executive’s Separation from Service occurs, unless the Executive’s Separation from Service is due to death, in which event such payment shall be made within 90 days of the date of Executive’s death.

  • Change in Control Benefits means the following benefits:

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Benefits as defined in Section 3.1(b).

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Extended benefits means benefits, including benefits payable to federal civilian employees and to ex-servicemen under 5 U.S.C. Chapter 85, payable to an individual under the provisions of this section for weeks of unemployment in his eligibility period.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Fringe benefits means the amount of:

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Social Security Benefits means any social insurance, pension insurance benefits, medical insurance benefits, work-related injury insurance benefits, maternity insurance benefits, unemployment insurance benefits and public housing reserve fund benefits or similar benefits, in each case as required by any applicable Law or contractual arrangements.

  • Additional gap medical benefits means the benefits (if any) payable in respect of medical expenses that are more than the schedule fee and which otherwise meet the requirements of the fund’s no or known gap policy, provided always that the medical expenses relate to a professional service that:

  • Severance means the complete separation and dismemberment of the part from the body.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • SERP Benefit means the benefit described in Section 5.1.